A Peek Into The Market Before The Trading Starts - Adobe (NASDAQ:ADBE), Live Nation Entertainment (NYSE:LYV)

Pre-open movers

US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 6 points to 15,250.00 and S&P 500 index futures rose 1.40 points to 1,646.60. Nasdaq 100 futures jumped 7.25 points to 2,995.75.

A Peek Into Global Markets

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.05%, London's FTSE 100 index dropped 0.19%, French CAC 40 Index declined 0.24% and German DAX 30 index rose 0.22%. Asian markets ended mixed, with Japan's Nikkei Stock Average surging 1.83%, China's Shanghai Composite dropping 0.73% and Australia's ASX/S&P500 gaining 0.98%. Hong Kong's Hang Seng Index declined 1.13% and India's Sensex gained 0.09%.

Broker Recommendation

Analysts at Bank of America upgraded Adobe Systems

ADBE

from “neutral” to “buy.” The target price for Adobe has been raised from $47 to $57. Adobe shares surged 5.17% to $45.60 in pre-market trading.

Breaking news

Weyerhaeuser Company WY today announced the pricing of the public offering of 29,000,000 common shares at $27.75 per share. To read the full news, click here.
Live Nation Entertainment LYV, the world's leading live entertainment company, has acquired a majority stake in BDG Music Group, the Baltic region's largest concert promotion company. To read the full news, click here.
Antalis, the leading European merchant for print and office paper, has made a binding offer to acquire Xerox's XRX paper and print media products business in Western Europe. To read the full news, click here.
Ektron today announced a collaborative relationship with Rackspace® Hosting RAX to deliver enterprise hybrid cloud hosting for Ektron customers. To read the full news, click here.

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